A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American International Group, Inc. (AIG). Best also removed these ratings from …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and the issuer credit rating of “bbb-” of Inter-Industry Insurance Company Limited (III), which is based on the Isle of Man, and its wholly owned subsidiary, Insurco Ltd. …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘B ‘(Fair) and the issuer credit ratings (ICR) of “bb” of the Republic Western Insurance Group, which consists of Republic Western Insurance Company of Phoenix, Ariz., and its wholly …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Hartford Insurance Pool and its P/C members. Best also affirmed the ICR of “a”, for the debt ratings …
Standard & Poor’s Ratings Services announced that all of its ratings on Triad Guaranty Inc.(TGIC), currently ‘BB’, and its mortgage insurance subsidiary, Triad Guaranty Insurance Corp. (Triad), currently ‘BBB’, “will remain on CreditWatch with negative implications.” Credit analyst James Brender …
Travelers Companies Inc., one of the largest U.S. property insurers, said Thursday that a a “fine tuning” of its investment outlook gives it a bias towards the lower end of a previous forecast for operating earnings. On April 24, the …
Standard & Poor’s Ratings Services has affirmed and removed from CreditWatch negative its ‘AA-/A-1+’ counterparty credit and senior debt ratings on American International Group Inc. S&P also affirmed and removed from >CreditWatch negative its ‘AA+/A-1+’ counterparty credit and financial strength …
Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre, S.A. The approval will allow Mapfre, one of the largest …
Standard & Poor’s Ratings Services has changed the outlook on its ‘B’ long-term counterparty credit rating on Triad Financial Corp. to negative from stable. “The outlook change reflects the company’s weak earnings and difficulty in obtaining stable, long-term funding for …
Australian insurer QBE Group has withdrawn its offer to acquire Insurance Australia Group Limited (IAG), following the decision of IAG’s Board to recommend against accepting the offer. (See IJ web site – https://www.insurancejournal.com/news/international/2008/05/19/90129.htm). IAG’s Board said the offer, which represented …
